26 Apr '13, 11am

Repower da eólica indiana Suzlon corta custos, demite @WindpowerJamesq EUR 100 mi cost reduction planned #windpower

Repower da eólica indiana Suzlon corta custos, demite @WindpowerJamesq EUR 100 mi cost reduction planned #windpower

In a statement, Repower said it was attempting to cut costs by EUR 100 million for the 2013-14 financial year. It did not reveal where the job cuts would be made. Speaking about the decision, Repower chief executive Andreas Nauen said that although the long term for the wind industry looks good, the mid-term was "uncertain and volatile". He added: "We will apply leverage wherever we have recognised need for action and will be able to realise savings potential, for example in purchasing, production or manufacturing." The cuts come despite Repower's strong performance in 2012. According to 2012 installation figures from BTM, Suzlon Group pushed itself into the top 5 with 7.4%.More than 5% of this came from Repower. The Repower announcement follows the approval of Suzlon's application for corporate debt restructuring. Last year, Suzlon unveiled "project transformation", a bid...

Full article: http://www.windpowermonthly.com/article/1180260/Repower-a...

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